Cost estimating advice · Perry's Chemical Engineers' Handbook (8th Edition) or 7th Edition Chapter 9. Includes capital costs for several plants, equations for some equipment, etc. · Oil & Gas Journal (search plant costs, chemical prices, Nelson-Farrar refinery construction index, refinery operating costs) · Quizzes, glossary, equipment cost estimator

Updating the CE Plant Cost Index Vatavuk, William M. Chemical Engineering 109.1 (Jan 2002): 62-70. Introduction For more than 37 years, chemical process-industry professionals -- engineers, managers, and technicians -- have used the Chemical Engineering Plant Cost Index (CEPCI) to adjust process plant construction costs from one period to another.

CHEMICAL ENGINEERING WWW.CHE.COM JANUARY2002 63 FIGURE 1. The major indexes show an irregular rise over 37 years TABLE 2.ANNUAL PLANT COST INDEXES Year Com- Equipment Construc- Buildings Engineering posite tion and super-CE Index labor vision 1963 102.4 100.5 107.2 102.1 103.4 1964 103.3 101.2 108.5 103.3 104.2 1965 104.2 102.1 109.7 104.5 104.8

The major change to the composition of the Cost = $10,000,000 3 (394.1/125.7) = $31,300,000 (3) CEPCI is to increase the weight of the costs of labor and cut the This cost is not likely to be accurate. To begin with, during the in- weights of the equipment costs.

Published in "Engineering News-record". ENR value reported based on 100 in 1913, 1949 or 1967. • Nelson-Farrar Refinery Construction Cost index. Skilled and common labor, iron and steel, building materials, miscellaneous equipment. Published in "Oil and Gas Journal". N-R value of 100 in 1946. • Chemical Engineering Plant Cost Index.

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The chemical engineering plant cost index correlates well with macroeconomic factors. Current oil prices and current and past interest rates are the independent predictors. These predictors may also reflect market conditions, inflation and unit labour costs. The correlation is accurate within 3% over the period 1958–2011 and 1% over 2004–2011.

9The cost changes (increases) from year to year primarily due to inflation. 9To estimate purchase Cost, C P at a later date, 9The Chemical Engineering (CE) Plant Cost Index, The Marshall & Swift (MS) Equipment Cost Index, The Nelson‐Farrar (NF) Refinery

To use either of these indices to adjust for cost escalation, multiply the un-escalated cost by the ratio of the index values for the years in question. For example, to determine the cost of a new chlorine plant in February 2001 using capacity factored estimates where the cost of a similar chlorine plant built in 1994 was $25M, first the cost ...

The first step is to determine the cost index for our two dates. Referring to Table 2, the CECPI index for 2001 is found to be 394.3 (our base index for this example). Consulting a recent issue of Chemical Engineering magazine, the CECPI index for 2006 is found to be 499.6 (the current index for this example). The student may be

Since its introduction in 1963, the Chemical Engineering (CE) Plant Cost Index has been published in every issues of CE, to help CPI (chemical process industry) professionals adjust process-plant construction costs from one period to another. In this article, some revisions to the underlying methodology are introduced, to make this index more representative of modern-day engineering …

The annual value for the CE Plant Cost Index (CEPCI) was calculated to be 556.8, down significantly from the an-nual value for 2014. The monthly pre-liminary value for the January 2016 CE Plant Cost Index (top; the most recent available) continued to fall from prior months. While the overall CEPCI value fell from last month, some of the individ-

Finally, the U.S. Chemical Production Regional Index rose by 0.8% in December, follow- ing a 0.3% gain in November, according to ACC. 2011 2012 2013 2014

Cost Indexes. The U.S. Bureau of Labor Statistics indexes labour productivity and costs in all sectors of the chemical industry. Chemical Engineering magazine (0009-2460) publishes the Chemical Engineering Plant Cost Index (CEPCI), Marshall & Swift Equipment Cost Index (prior to 2013) and Current Business Indicators for the chemical industry.

5. Upon clicking "Display Results," the user will be asked for a date, and then for the value of the Chemical Engineering (CE) Plant Cost Index. The default values are Jan. 2002 and CE index = 390.4 (the basis for the calculated costs).

Current issues of the print, are located in the Current Periodicals area on the 1st Floor of Evans Library in the reading Room under TN1.M45. Older issues of Chemical Engineering (i.e., 2015 and older) are on the 3rd Floor also under TN1.M45. Oil & Gas Journal. Contains the Nelson-Farrar Cost Index for petroleum refinery construction.

Cost Index Year CEPCI 2011 585.7 2010 550.8 2009 521.9 2008 575.4 2007 525.4 2006 499.6 2005 468.2 2004 444.2 2003 402.0 2002 395.6 2001 394.3 2000 394.1 1999 390.6 1998 389.5 1997 386.5 1996 381.7 1995 381.1 Chemical Engineering Plant Cost Index (averaged over year)